Charity registration number 800055 (England and Wales) THE ROYAL YEOIKANRY REGIMENTALASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
THE ROYAL YEOMAMIY REGIMENTALASSOCIATION LEGALAND ADMINISTRATIVE INFORMATION Trustees Lt Col S McMcncn)y Maj J Astlcy Col N Astbury Maj A Fi'anklin R Llewellyn Col T Bi'agg Lt Col M Webb (Appointcd 19 April 2024) (Appointed 19 April 2024) Charity number 800055 Registered office clo Langridge F.1 Hook Lane West Hoathly East Grinstead West Sussex RH19 4PT Independent examiner Darren HardingACA FCCA DChA Richard Placc Dobson Services Limited Ground Floor 1-7 Station Road Crawley West Sussex RHIO IHT
THE ROYAL YEOMANRY REGIMENTAL ASSOCIATION CONTENTS Page Truslecs, repoi't Independent examinels I'eport Stateinenl of financial activities Balance sheet Notes to the finallcial statcnients 6-10
THE ROYAL YEOMANRY REGIMENTALASSOCIATION TRUSTEES, REPORT FOR THE AR ENDED 28 FEBRUARY2025 The ti'ustees present their a]mual rcpoit and financial statements for the year e5)ded 28 February 2025. The tinancia] statements have been p1'eped in accordance with the accounting policies set out in note I to the financial statcmcnts and comply with the ch'Ity'S constitution, dic Cliarities Act 2011 and "A¢couJ)ting aiid Repoiting by ch.]tIeS'. Statement ot Recommended Pi'actice applicable to charities prcpariiig their accounts in accordance with Fii)ancial Reporting Standard applicablc in the UK a]id Republic of Ireland (FRS 102) (effective l January 2019)" Objectives activities The Objects of the chai'ity are: (l ) To promotc the cfficicncy of the Royal Yeomanry by.. Maintaining contact between past and present members of the I'cgimcnL providing for social gatherings foi. them; and b, Fostering espii'it de corps, comradesliip and the welfai'e of the i'egiment and preseiiting its traditions. (2) To relieve either geiierally or individually n)embers of the Association Mcmbers of the Reginient and their dependeiils, who 't iii conditions ot need, hardship oi. distress. To support and promote the activities of the Royal yeom& Regimenl and provide welfJxe 8upport to cui'rcnt and past members of t]Ic association. Tlie trustees have paid duc rcgard to guidance issued by the Charity Cointnission in deciding what activities tiie Ch'Ity should undertake. Achievements and performance Over tlic past few ycars die Association has used ils fvnds for tlie following purposes by making a financial contribution towards: Battlefield Tours Funei'al expenses Parades Reginicntal sport Welfw'e of seriying soldicrs and thcir fajnilies Regimental social gatlierings During this financial year The Royal Yeomanry Association has uscd its funds in a wide range of ways to support it i))einbers (both veterans and serving soldiers), in accordance witli ils objectives. With respect to welfare tlie Association pmvided Christmas Hampers lo the familics of all serving soldiers deployed o Opei'ations overseas. It also contributed to costs of adapting a veteran's home to support the necds of their seriously ill parlncr. The association also organiscd and funded nuinerous parades and socia] gatherings. The ii)ost significant of these includcd the Regiinents's pw'li¢ipation in the G)Inbiiied Cavalry Old Comrades Association awiual parade iii Hyde Park, followed by lunch for serving meinbers and veterans in t]ie Coach & Horses in Mayfair, the mUal diiiiiig club and the Regimental Carol Service ii) Lincoln's Inn. In tot&1 these eiients were attended by over 300 Association Inembers. The serving Rcgiinent was also provided with dii'ect fviiding in support of equipment and actiiiities. This included contributions towards Advcnturc Training, a Battlefield Study, welconie packs foi- ncw recruits to tlie Royal Yeotnanry a]Id new ceremonial headdress foi. the Band of t]ie Royal Yeon)arny. Thc Association was also abl¢ to facilitate the pa]ticipation of vcteran5 in the Cenotaph Remembrancc Parade for the first time as dedicatcd Royal ye0inai contingent. via the Roy&l British Legion. Financial review At t]ie year ended 28 Febru¥ry 2025, thc charity had net incoming resources of £2,728 (2024.. net outgoing resources of £2,036). page I
THE ROYAL YEOMANRY REGIMENTALASSOCIATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUAR Y2025 It is the policy of thc charity that unrestrieted thnds Mihich have iiot bcen designated for a specific use should be maintained at a level equivalent to between thi'ee and six month's expenditure. The trustces considers that reserves al this level will ensure that, in the event of a significant drop in funding, they will be able to coiitiiiuc the chai'ity's current activities Mihile considei'ation is given to ways in iiihich additional funds may be raised. The trustees are aware that the cui'rent reserv¢s cxceed this policy, however £13,204 is lied up in stock and thc rctnaining value will be spent over the coming ycars. The trustees have assessed t]Ic major i'isks to which the charity is exposed, and arc 5atisficd t]iat systeins ar¢ in place to mitigate exposure to the major risks. Structure? governance and management Thc Royal Yeomanry Regimental Association was set up in 1988. It is a registered charity (no. 800055) which is governed by a Constitution subject to ch'ItIeS law and the supervision of the Charitics Commission. Originally adininistcrcd by the Reginient itself a change in the law rcquircd all military Ch'11teS to be run indcpendently. Working closely with the loi)ger established Squadron Associations the RYRA is now the main body that exists foi. tlic purpose of providing organisational as wcll as financial support to the Reginient and it8 tncinbcrs, seiving and veterans. Anyone who has sei'ved as a Royal Yeoman is a potential beneficia]y of the Association. The Association also organises thc Regimcnt's participation in the Cavalry Memoi'ial Pade and othei. cvents. Funds wcrc originally raised for the Association th]ough the "onc day's pasi schem¢, whi¢h purcliased insurancc before the Armed Forces Compei)sation Scheme and other 'safety nets, were put in place. The Association then relied for a number of years on volUntY contributions from seiving and fom)er membei's of the Regiment. Sonie of the donations still received 'e made on this basis. 111 2016 tlic one day's pay scheme was reiiilroduced foi. the last two years the Regiment has received donations froni serving members of the Rcgiincnt this way which has helped thc Association plan for the future with inuch more ceitainty. ITr 2012 the Rcgimcnlal PRI (shop) was taken on by die Association and sclls Regimental unifomi ilems and brandcd products via an online Shop. A modest profit is made on each item in ordei. to increase the general fi]nds of the Charity. The trustees who served during the ye. and up to the date of signature of the financial slatcmcnts wcre: Lt Col S Mcmenemy Maj J Astley Col N Astbury Maj A Fi'anklin R Llewellyn Col T Bi'agg Ltcol M Wcbb (Appointed 19 April 2024) (Appointed 19 April 2024) The Trustees meet al least thrce times a ycar and also discuss urgent requests oi. other mattci's as required. They serve for three or more years on informal rotation. Trustees give of thcir time fi'eely and undertake to keep up with best practice guidance as issued by the ch.]ty Commission and act as the CustodilS of the Charity's assets. The trustees, report was approvcd by the Board of Ti'ustees. Lt ol S Mcmenemy Trustec Dated.. .i¥.:..Il... L page 2
THE ROYAL YEOMANRY REGIMENTAL ASSOCIATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE ROYAL YEOMANRY REGIMENTAL ASSOCIATION
I report to the trustees on my examination of the financial statements of The Royal Yeomamy Regimental Association (the charity) for the year ended 28 Februaiy 2025.
Responsibilities and basis of report
As the trustees of the cha!'ity you ai·e responsible for the prepai·ation of the financial statements in accordance with the requirements of the Charities Act 2011.
I rep01t in respect of my exainination of the chai·ity's financial statements carried out under section 145 of the Cha!'ities Act 2011. In cai1ying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Chai·ities Act 2011.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepai·ed the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities prepa!'ing their financial statements in accordance with the Financial Repo1ting Standa!'d applicable in the UK and Republic oflreland (FRS 102) in preference to the Accounting and Reporting by Chai·ities: Statement of Recommended Practice issued on I April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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I accounting records were not kept in respect of the chai·ity as required by section 130 of the Cha!'ities Act 2011. 2 the finai1cial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Cha!'ities[(] Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as pait of an independent exainination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understai1ding of the financial statements to be reached.
Darren Harding ACA FCCA DChA
Richa!'d Place Dobson Services Limited Ground Floor 1-7 Station Road Crawley West Sussex RHIO IHT
Dated: ........................ . 23/12/2025
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THE ROYAL YEOMANRY REGIMENTALASSOCIATION STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE FEAR E]VDED 28 FEBRUARY2025 Unrestrieted funds 2025 Unrestricted funds 2024 Notes Income from: Donations and legacies ch.]table activities Otl)er trading a¢livities Investments 18,001 2,689 11.227 394 18,217 3,060 7,490 306 Total income 32,311 29,073 Expenditure on: Raising funds Charitable activities 14,557 15,026 8,742 22,367 Totgl expenditure 29,583 31,109 Net incomel{expenditure) movement in funds 2.728 (2,036) Reconciliation of funds: Fund balances at 29 Febnwy 2024 80,306 82,342 Fund bala(e5 at 28 February 2025 83,034 80,306 The statement of financial acclvitics includes all gains and Iosges recogniscd in the year. All income and expendithi'c derive from continuing activities. page 4
THE ROYAL YEOMANRY REGIMENTAL ASSOCIATION BALANCE SHEET ASAT28 FEBRUARY2025 2025 2024 Notes Current assets Stocks Casli at bat& and in hand 12 13,204 71,405 17,578 66,418 84,609 83,996 Creditors: omoullts falling due within one year 13 (1,575) (3,690) Net current assets 83,034 80,306 The fund5 of the cliarity Unrests'icted fviids 14 83,034 80,306 83,034 80,306 The financial statements were approved by the trustees on.. Lt I S M¢Menemy Trustee page S
THE ROYAL YEOMANRY REGIMENTALASSOCIATION NOTES TO THE FINANCIAL STATEIVIENTS FOR THE YE4R ENDED 28 FEBRUAR Y2025 Accounting polieies Charity infornia¢io Tlie Royal Yeoiiianry Regimental Association is a ¢harity registered on England and Wales, the registered office is clo Langridge Farm, Hook Lane, West Hoathly, East Grinstead, RH19 4PT. 1.1 Accounting eonvention Tlie financial statements have been prepared in accordancc witli the charity's constitution adopted 3 1st August 1988, the Cl)arilies Act 2011, FRS 102 'The Financial Rewrting Standard applicable in the UK and Republi¢ of Ii'eland" {':FRS 102") and the Charities SORP "Accounting and Repoi'ting by Chw'ilies: Statement of Rccomn)ended Practice applicable to charities preparing their account8 in accoi'dance widi the Financial Reporting Siandai'd applicable iii tl)e UK and Rcpublic of Ircland {FRS 102) (effective l Jallu 2019). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prcparc a Statement of Casli Flows. The financial staleinenls have dep'ted from the Charities (Accoutits and Repoi'ls) Regulations 2008 only to the extent required to provide a true and fair vieiv. This departui'c has involved following the Statement of Rccotnmended Practice for charitie8 applyiiig FRS 102 rather than the version of the Statcmcnt of Reconimended Practice which is refci'i'cd to in the Regulations but which h&s since been withdi'awn. The tinancial statements are prepared in stcrling* which is the tunctional currency ot the charity. MOThety amouiils in thc5e financial statements are rounded to the ncarcst £. The financial stateinents have been pi'epared under the hisloi'ical cost convcntion. The principal accounting policies adopted 'e sel out below. 1.2 GoÈng eoncern At the tiinc of approviiig the financial stalemeiits, thc trustees have a reasonable expe¢talion tliat thc charity has adequate I'esour¢e8 to continue in opei'ational existence for the foresceable futw'c. Thus the trustees ¢ontinue lo adopt Ilie going concern basis of accounting in preparing the financial staleinents. 1.3 Charitable fuiids Unrcstrictcd fi]nds are available for use at the discretion of the tsustccs in fw't])eranc¢ of their cl)aritable objectives. 1.4 Income Income is i'ecognised when the ch.]ty is Icgally entitled to it after any performance conditioi)s have been met, the amounts can be me&sured reliably, and it is probablc that incom6 will be I'eceiv¢d. Cash donations are recognised on Irceipt. Other donations are recognised on¢c the Ch.]ty has been notified of the donation, unless perfoiYnan¢e Conditions rcquire dcfci'ral of the amount. Shop sales are recognised at thc point that the sale has taken place. Membcrship incomc is recognised when the income is received. page 6
THE ROYAL YEOMANRY REGIMENTALASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE IEAR ENDED 28 FEBRUAR Y2025 Accouknting polieies (Continued) 1.5 Expenditure Liabilities are recognised as expenditure &s 500n as t]iere is a legal or constructive obligation conimitting the charity to that cxpcnditure, it is probable that a traiisfei. of econoinic benefits will be required in settlement and the atnount of the obligation can bc Ineasui'ed reliably. Expenditui'e is accounted for on an acci'uals basis and has been classificd ui)der headings thai aggregatc all cost related to the category. Where costs cannot be directly att]'ibuted to particular headings they have been allocated to activities on a basis consistent with the use of resources. Charitable activities Charitable a¢tivitie8 represents thc costs directly attributable to c8rty out the charitablc objects, including support costs and costs relating to the governance of thc charity. 1.6 Stoeks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. 1.7 Cash and cash equivalents Casli and casl) equivalents include cash in hand, deposits Iicld at call with banks, other slioi'l-term liquid investments ivit]i origiJ)al Inaturitics of three Inonths or less, and batik ovei'drafi8. Bat& ovcrdi'afts are sl)own witliin borrowings in currcnt liabilities. Critical aceounting estim#tes and judgements In Ihc application of the charity's accountii)g poli¢ie8, the trustees are rquii'ed to make judgeineiils, estimates and assumptiot]s about tl)c cariying amount ot assets and liabilities that aj'c not I'eadily apparent from othey sources. The estimates and as8ocialed assuniptions are based on historical expei'ience othei. factors that are coiisidered lo be rclevant. Actual results may difter fiom thesc cstiinatcs. The estimates and underlyiiig assuinptions are reviewed on ongoing basis. Revisioiis to accounting estimates arc recognised ii) the period in which die estiillate is revised where the revision affccts only tliat pcriod. or in the peiiod of the revision atid fvture periods where the revision aftects both current and thture periods. Income from donations 2nd Itgacies Unrestricted funds 2025 Unrestricted funds 2024 Donations and gifts 18,001 18.217 page 7
THE ROYAL YEOMANRY REGIMENTALASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE FEAR ENDED 28 FEBRUAR Y2025 Charitable aetivities Provid¢ weltare support Provide welfare support 2025 2024 Evcnt reimbursement income 2,689 3,060 Income from other trading activities Uniystrieted Unrestricted funds runds 2025 2024 Shop income 11,227 7,490 Income from investments Unrestricted Unrestricted funds funds 2025 2024 Interest i'eceivable 394 306 Raising funds Unrestricted Un]'estricted funds funds 2025 2024 costs Operating online charity sliop 14,557 8,742 14,557 8,742 page 8
THE ROYAL YEOMANRY REGIMENTAL ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE FE4R ENDED 28 FEBRUAR Y2025 Expenditure on charitable acttvities Provide welfare and support 2025 Provide welfAre and support 2024 Direct costs Events 13,451 20,477 Share of support #Nd governance eosts (see note 9) Governance 1,575 1,890 15,026 22,367 Analysis by fund UttrC8ts'ictcd funds 15,026 22,367 Support costs allocated to activities 2025 2024 Governance costs 1,575 1,890 Analysed between: Provide wclfarc and support 1,575 1,890 10 Trustees None of tlie ti'ustees (or any persons connccted with diem) received any rcmuncration or benefits from the cliarity during tlic year. 11 Taxalion Tlie charity is exempt from t&x on income and gains falling within section 505 of t]ie Taxes Act 1988 or section 252 or the Taxation of Chargeable Gains Act 1992 to the extent tl)at these 'e applied to its charitable objects. 12 Stocks 2025 2024 Finished goods and goods foi. resale 13,204 17,578 page 9
THE ROYAL YEOMANRY REGIMENTALASSOCIATION NOTES TO THE FINANCIAL STATEIWIENTS (CONTINUED) FOR THE TrEAR ENDED 28 FEBRUAR Y2025 13 Cyedilois: amounts falling due within one year 2025 2024 Trade ci'edilors Accruals 1,800 ,890 1,575 1,575 3,690 14 Unrestricted funds Thc unrestricted funds of tlie Chai'ity COFnpi'ise the unexpended balanecs of donations and gn'ants wliich arc not subject to specific conditions by donors and grantors as to how they may be used. Tliesc include designated fijnds which havc bccn set aside out of unrcsti'icted funds by the tIstee8 for specific pui'poses. At 29 February 2024 Incoming resources Resources At 28 February expended 2025 Genei'al ftmds 80,306 32,311 (29,583) 83,034 Previous year: At 28 February 2023 Ineoming resources Resources At 28 Feb1.ary expended 2024 General funds 82,342 29.073 (31,109) 80,306 15 Related party tr#llsactions There wer¢ no dis¢losable relatcd party transactions during the year (2024 - none). page 10